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 Andrew Waxman
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Profile of Andrew Waxman

Thought Leader
Member Since: 5/8/2014
Author
Blog Posts: 27
Posts: 5

Andrew Waxman writes on operational risk in capital markets and financial services. Andrew is a consultant in IBM's US financial risk services and compliance group. The views expressed her are those of his own. As an operational risk manager, Andrew has worked at some of the leading investment banks and consulting firms in Wall Street and the City of London. He writes on topics such as: rogue and insider trading, technology and markets, disaster planning, regulatory responses and risk management strategies. Andrew has a first class degree in history from Kings' College London and an MBA in finance from NYU.

Articles by Andrew Waxman

Spreadsheet Risk – Should We Ban Excel?

4/25/2013
Apparent errors in an influential economic study by two Harvard Professors due to an Excel spreadsheet mistake is another reminder of the operational risks inherent in relying upon formulae hidden in obscure, nestled spreadsheets.

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Shaking Up the Risk Teams

3/11/2013
With billions lost in 2012, the risk culture of investment banks needs to change, starting with accountability and clear expectations for behavior. Banks must also tear down the walls that exist between market, credit and operational risk disciplines, writes Andrew Waxman.

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Can the CFTC Execute on its Mission?

2/27/2013
The CFTC is on a mission to migrate interest rate and credit derivatives to transparent marketplace, fulfilling a role that is similar to what the first SEC Commissioner Joseph Kennedy did in the 1930s to revive equities, writes Andrew Waxman.

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Battling Ponzi Schemes and Snake Oil Salesmen

2/20/2013
What can the CFTC do to prevent future cases of blatant fraud, as well as the losses, similar to cases like MF Global and Peregrine Financial Group? Andrew Waxman offers some risk management techniques regulators should consider.

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Insider Trading Escalates At Hedge Funds, Reflecting Weak Controls

1/29/2013
The ongoing proliferation of insider trading cases at hedge funds points to the need for more transparency into investment decisions and trading processes. One way to stop the pattern is for hedge funds to form internal control groups that scrutinize the links between investment themes and material non-public information.

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How to Manage "Genius Trader Risk"

1/14/2013
After a series of trading blow-ups by rogue traders, meet "the genius trader," who can do even worse damage. With their superior intellect, big egos,and technical expertise, they can easily win over CEOs. But, can risk managers reign them in?

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